California Public Employees Retirement System Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

California Public Employees Retirement System lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,555 shares of the company's stock after purchasing an additional 13,793 shares during the quarter. California Public Employees Retirement System owned 0.19% of e.l.f. Beauty worth $14,947,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State of Alaska Department of Revenue grew its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock worth $4,906,000 after buying an additional 85 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company's stock worth $35,000 after buying an additional 97 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in e.l.f. Beauty by 1.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company's stock valued at $1,394,000 after purchasing an additional 117 shares in the last quarter. Xponance Inc. grew its stake in e.l.f. Beauty by 4.9% in the fourth quarter. Xponance Inc. now owns 3,290 shares of the company's stock valued at $475,000 after purchasing an additional 155 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its stake in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company's stock valued at $29,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE:ELF traded down $4.01 during mid-day trading on Wednesday, hitting $158.52. 1,591,155 shares of the stock were exchanged, compared to its average volume of 1,593,457. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 68.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.57. The firm's 50-day simple moving average is $186.35 and its 200 day simple moving average is $153.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million during the quarter, compared to analysts' expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company's stock, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other e.l.f. Beauty news, insider Kory Marchisotto sold 29,408 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the transaction, the insider now directly owns 156,969 shares of the company's stock, valued at approximately $26,119,641.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares of the company's stock, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Insiders sold 178,081 shares of company stock valued at $30,457,064 in the last three months. Corporate insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird assumed coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 price target for the company. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, January 18th. Raymond James raised their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a research note on Monday, January 22nd. Bank of America raised their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Finally, Piper Sandler lifted their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.